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Clarence Otis
Darden names interim CEO Lee to post permanently

Darden Restaurants Inc. has named interim CEO Eugene I. Lee Jr. to the post on a permanent basis. The appointment is effective immediately, the operator of Olive Garden, LongHorn Steakhouse and other restaurants said Monday. Lee will also become a board member. Darden named Lee as interim CEO in October, after a board takeover by activist investor Starboard Value. Lee took over the CEO post from Clarence Otis. "After conducting a thorough search and reviewing numerous highly qualified candidates, it was clear that Gene was the best candidate and was the board's unanimous choice," Jeffrey Smith, independent non-executive chairman, said in a statement. Lee previously...